Romania: Bacon And Ham Market 2024

Bacon And Ham Market Size in Romania

The Romanian bacon and ham market skyrocketed to $X in 2022, with an increase of 17% against the previous year. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Production in Romania

In value terms, bacon and ham production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Exports

Exports from Romania

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by 7% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports reduced to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 129% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for bacon and ham exports from Romania, accounting for a 56% share of total exports. Moreover, bacon and ham exports to Italy exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+27.2% per year) and Germany (+1.9% per year).

In value terms, Italy ($X) remains the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Romania, comprising 63% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+23.4% per year) and Germany (-2.0% per year).

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, falling by -18.6% against the previous year. In general, the export price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Romania

For the third consecutive year, Romania recorded growth in overseas purchases of bacon, ham and other dried, salted or smoked pig meat, which increased by 28% to X tons in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, bacon and ham imports expanded remarkably to $X in 2022. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of bacon and ham imports to Romania, together accounting for 71% of total imports. Italy, Hungary, Poland, Belgium, the Netherlands, France and Greece lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +74.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) were the largest bacon and ham suppliers to Romania, with a combined 73% share of total imports. Denmark, Hungary, Poland, France, the Netherlands, Belgium and Greece lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Poland, with a CAGR of +68.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, declining by -11.7% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 15%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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